AUD/JPY chart - Trading View
Technical Analysis: Bias bullish
GMMA Indicator
- Major trend is neutral, while minor trend is bullish on the daily charts
- On the weekly charts, major and minor trend are neutral
Ichimoku Analysis
- Price action is on verge of breakout above daily cloud
- Chikou span is biased higher suggesting continuation of uptrend
Oscillators
- Stochs and RSI are biased higher and MACD is on verge of bullish crossover on signal line
Bollinger Bands
- Bollinger bands are wide on the daily and weekly charts
- Rising volatility could drive prices higher
Major Support Levels: 75.07 (5-DMA), 74.70 (110-EMA), 73.89 (Lower BB)
Major Resistance Levels: 76.05 (20-DMA), 76.19 (50-DMA), 78.67 (61.8% Fib)
Summary: AUD/JPY is extending gains for the 4th straight session and bullish momentum is likely to drive prices higher. Watch for breakout above daily cloud for further gains. Scope for test of 61.8% Fib at 78.67.
